This article examines the Global Compact on Refugees—a UNHCR-led effort following recommendations by the United Nations. The article reviews the progress to date, focusing in particular on Annex I of the 2016 New York Declaration: the Comprehensive Refugee Response Framework (CRRF). It argues that two elements of the CRRF—its emphases on inclusion and self-reliance and its call for easing pressures on host societies—are necessary and commendable, but that two other elements—the focus on voluntary repatriation and third-country solutions—create unrealistic expectations about the degree to which these solutions can reach enough refugees to constitute a meaningful durable solution. Neither assisted voluntary return nor third-country solutions will serve enough refugees to make a significant difference to the global population of displaced people.